Question: a. What is the difference between a foreclosure and a power of sale? (3 marks) b. If a mortgage of $600,000.00 is registered against a

a. What is the difference between a "foreclosure" and a "power

a. What is the difference between a "foreclosure" and a "power of sale"? (3 marks) b. If a mortgage of $600,000.00 is registered against a property valued at $800,000.00, does it make a difference to the owner of the property whether the mortgagee chooses to foreclosure rather than pursue a power of sale as a remedy? Explain your answer. (2 marks)

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